Chrono24 Watch Collection Confirms Insanity

[inadeje]

I’m not sure if this system is accurate but, it seems to be quite close. These few pieces in my collection seem to have gone off the charts over the past 12 months. The % increase is the hypothetical current price compared to what I paid. I guess the looming recession will correct all of this madness. Either way, its pretty surreal.

[Etschell]

Sell now if you are so convinced. No one knows for sure. Insanity is always relative.

[inadeje]

Originally Posted by Etschell

Sell now if you are so convinced. No one knows for sure. Insanity is always relative.

I don’t have any interest in the value, I’m simply a collector who is shocked by the recent market these days.

[Etschell]

Originally Posted by inadeje

I don’t have any interest in the value, I’m simply a collector who is shocked by the recent market these days.

Why? The prices always go up over time.....

[DTap]

Originally Posted by Etschell

Why? The prices always go up over time.....

Depends on the timeframe. I would not bet the average Rolex will be worth more in 2 years.

[Etschell]

Originally Posted by DTap

Depends on the timeframe. I would not bet the average Rolex will be worth more in 2 years.

Trend long term would still be up. Again it is like arguing to short any asset long term. Losing game. Very badly. Unless you are liquidating today it is irrelevant as one poster said.

[007timer]

Originally Posted by DTap

Depends on the timeframe. I would not bet the average Rolex will be worth more in 2 years.

Ageed


Sent from my iPhone using Tapatalk

[No SUBctitute]

Originally Posted by Etschell

Why? The prices always go up over time.....

Absolutely not. Watch prices, like the supercar market, is very sensitive to the economy.

[Etschell]

Originally Posted by No SUBctitute

Absolutely not. Watch prices, like the supercar market, is very sensitive to the economy.

So is every asset. It is all inter related. People act as if the economy drops certain assets hold value better. It all suffers. Over priced watches may suffer more. Or they may not.

[Eric-London]

Originally Posted by inadeje

I don’t have any interest in the value

Great, I’ll take the 5513 off your hands for $1,500

[Xtralarg]

Originally Posted by inadeje

I don’t have any interest in the value, I’m simply a collector who is shocked by the recent market these days.

Yes you do, that's the topic if the thread you started. So many people on here deny being bothered about the value of their watches, BS!

[HORNBLOWER]

Grey market is flooded with every used model you can desire, all at massive prices. If they achieve these prices is another question. Some are for sale a long time. Best not to worry about market values. Buy and enjoy.

[padi56]

Originally Posted by HORNBLOWER

Grey market is flooded with every used model you can desire, all at massive prices. If they achieve these prices is another question. Some are for sale a long time. Best not to worry about market values. Buy and enjoy.

Have to agree but sadly Rolex are no longer watches to be bought and enjoyed now little more than ££££$$$ to many.

[DTap]

Definitely not the time to buy now. Correction coming.

[Luther89]

Originally Posted by DTap

Definitely not the time to buy now. Correction coming.

People who claim to be able to predict the future make me smile. When was the last time you saw a ‘psychic’ win the lotto!

[DTap]

Originally Posted by Luther89

People who claim to be able to predict the future make me smile. When was the last time you saw a ‘psychic’ win the lotto!

You can take my prediction too the bank. The price of Items selling for 2x retail when they are still being made in not sustainable.

Dutch tulips
Baseball cards
Dog food that sells below shipping cost

Not sustainable.

[77T]

There are no “gains” until they are realized.

Anything else is hypothetical.

But, in general, the value has risen like a yeast roll in a hot oven.


Sent from my iPhone using Tapatalk Pro

[Cryten]

Originally Posted by inadeje

I guess the looming recession will correct all of this madness.

Looming recession? Some in the media have been hoping for a recession for a couple of years now, thankfully its only wishful thinking on their part.

[GMTmatt]

If the recent MSRP increase stays constant the BLRO will be about $17k MSRP in 11 years. Based upon I bought a 16710 blro for $5k in 2007 and the 126710 blro for $9250 in 2018. In those 11 years a stainless steel GMT increased by 85%. The same math would make a GMT MSRP of $17k in about 2030. If the dollar loses value against the CHF we could be looking at a $20k sticker... However, what I do know for certain is the MSRP for ALL Rolex models will increase faster than inflation... To conclude, if you got em, smoke em.

[Muxi]

When you view the horizon over a 20 year period, you need to factor in the incremental price increase that Rolex tend to implement thereby raising the bar somehow. My first sub was less than $2000 new 25 years ago.

[The1019]

Made up figures it’s not worth that at all to many

[collarcity]

Best time to buy was yesterday. Prices are not going down. People betting against America and hoping for a recession, either for political reasons or because they're Rolex bargain hunting, are going to realize that the only reduction is going to be to their 401k.

[sillo]

Sad to see a watch collection treated like a stock portfolio.

[Randy9999]

Originally Posted by sillo38

Sad to see a watch collection treated like a stock portfolio.

Right. Don't treat it like a stock portfolio. Treat it like a watch portfolio. Eh?

[mobster600]

Thats $38,157 in total. Nice chunk of cash if you can sell them.....id take the money are run for the hills.